BEIJING, March 15 (Xinhua) -- United Overseas Bank (UOB) on Tuesday issued about 2 billion yuan worth of 3-year yuan-denominated bonds, namely the panda bonds, on China’s interbank bond market, according to the Bank of China.
This has been the first of its kind offered by financial institutions after China introduced an interim measure for bond issuance by foreign investors on China’s interbank bond market since September last year.
At the same time, the deal made UOB the first Singapore issuers to tap China’s panda bond market.
Bank of China served as the lead underwriter and lead bookrunner for the bond offering.
(Edited by Yang Yifan, yangyifan@xinhua.org)
A single purchase
